Wizards Waive Jaylen Nowell, Sign Erik Stevenson

The Wizards are cycling through Exhibit 10 players, cutting Jaylen Nowell from the training camp roster to make room for Erik Stevenson, according to Spotrac’s Keith Smith (Twitter link).

Washington originally agreed to terms with Nowell in August alongside Kira Lewis and Leaky Black before officially adding them to their roster in September. All three were set up to compete for a spot on Washington’s roster, but with the Wizards already facing a roster crunch with 16 players on standard deals, it was an uphill battle for Nowell (or Lewis) to make it on a standard contract. Of those three signees, Black is the only one eligible for a two-way contract since he has just one year of NBA service. The Wizards have one two-way slot open.

Nowell now has the option to play for the team’s G League affiliate, the Capital City Go-Go. If he spends at least 60 days with the club, he’ll earn a bonus worth $77.5K. Nowell is a five-year NBA veteran, appearing in 197 games (four starts) and averaging 8.9 points across appearances with the Timberwolves, Grizzlies and Pistons.

The 6’4″ Stevenson went undrafted in 2023 out of West Virginia. He was cycled onto the Spurs’ roster on an Exhibit 10 contract last offseason, appearing in 48 games with both the Austin Spurs and then Texas Legends in the G League. He averaged 10.0 points, 3.5 rebounds and 2.8 assists per game in his G League appearances last year.

Theoretically, Stevenson will be in competition for Washington’s open two-way slot. It seems more likely, given the timing of the signing, that he’ll end up being waived and spending the 2024/25 season in the G League to develop.

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